The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established...

Since the mid-1990s, the government has made important changes to excises, and has proposed major changes to the excise on fuels. Richard Webb examines and analyses these changes.

Gary Banks presented a lecture at the Australian National University as part of the public lecture series of the Australian Centre of Regulatory Economics and the Faculty of Economics and Commerce.